Anticipated retirement pension

If you have at least five years of service at the end of your contract, you have the option to take an anticipated retirement pension before the applicable retirement age, as of:

  • 50 years of age if you joined the Fund on or before 31 December 2011
  • 52 years of age if you joined the Fund on or after 1 January 2012

until the last day of the month of your death.

Basis for calculation

Benefits are based on the higher of the following amounts at the end of your contract:

  • If you joined the Fund on or before 31 December 2011:
    • your final reference salary corresponding to the full-time basis
    • 10/7 of the reference salary corresponding to 99.35% of the midpoint of grade 1 of the CERN salary scale
  • If you joined the Fund on or after 1 January 2012:
    • the average of your last 36 months' reference salaries
    • 10/7 of the reference salary corresponding to 99.35% of the midpoint of grade 1 of the CERN salary scale

Benefits are reduced pro rata for partial contributions to the Fund (e.g. contributions to other schemes, partial contributions due to part-time work, periods of unpaid special leave, etc.).

Amount

The amount of the anticipated retirement pension is calculated as follows:

  • if you joined the Fund on or before 31 December 2011: 2% of your final reference salary per year of membership (maximum: 70% for 35 years) multiplied by the appropriate reduction factor
  • if you joined the Fund on or after 1 January 2012: 1.85% of the average of your last 36 months' reference salaries per year of membership (maximum: 70% for 37 years and 10 months) multiplied by the appropriate reduction factor


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